Verallia: First Quarter 2024 Results: Activity Down Compared to Q1 2023 as Expected, Gradual Recovery in Line With the Outlook Presented in the Full-year Results

Verallia: First Quarter 2024 Results: Activity Down Compared to Q1 2023 as Expected, Gradual Recovery in Line With the Outlook Presented in the Full-year Results

Business Wire

Published

PARIS--(BUSINESS WIRE)--Regulatory News: Verallia (Paris:VRLA): HIGHLIGHTS Revenue down to €836 million in Q1 2024, or -20.5% compared to Q1 2023 (-12.7% at constant scope and exchange rates)1 Adjusted EBITDA2 at €204 million (24.4% margin) from €307 million in Q1 2023 (29.2% margin) Strong net debt ratio maintained at 1.5x last 12-month adjusted EBITDA, compared to 1.3x at March 31, 2023 and 1.2x at December 31, 2023 Awaiting regulatory approval for the acquisition of Vidrala's Italian glass b

Full Article